Maritime Report

April 17, 2019

Norway-Nigeria fish trade hits N316bn in ten years

Norway-Nigeria fish trade hits N316bn in ten years

fresh fish in basket

By Godwin Oritse

THE Norway- Nigeria fish trade currently stands at 680, 136 metric million tonnes valued at N316billion in the last ten years, records from the Norwegian Seafood Council, NSC, has shown.

fresh fish in basket

The record obtained by  Vanguard Maritime Report showed that Herring fish recorded the highest volume of fish import from Norway as this particular fish product with a total volume of 459,729metric tonnes in ten years as against Salmon fish with only 1,754metric tons within the same period.

The record also showed that Mackerel fish with 184, 787 metric tons, was the second highest fish imported to Nigeria from Norway.

For Horse Mackerel, Saithe and Tusk fish, a total of 19,158 metric tonnes, 11,451metric tons, and 3,257 metric tonnes were recorded. Although, there was other fish import from Norway to Nigeria they were in very insignificant volumes and value.

A breakdown of the figure also showed that over N14billion was expended on the fish products from for the year 2018 while N36.8billion in 2009 was the highest in the period under review.

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For 2008, 2010 and 2011, a total of N36.3billion, N45.5billion and N29.5billion were recorded as monies expended on fish imports from Norway.

A further breakdown of the report also showed that N30.5billion was recorded as the sum spent in procuring fish in 2012 by Nigerian importers as against N19.1 in 2013.

While N44.2billion, N28.8million and N13.7billion were recorded in 2014, 2015 and 2016 respectively, N17.3 was recorded in 2017.

Speaking on the development, Mr Trond    Kostveit said that increased export of fish from Norway to Nigeria has been projected adding that there has been a long-standing economic relationship between both countries that have been mutually benefiting.